United States
Nike announces first quarter results
The US-based sportswear giant reported an increase of 2% on both a reported and currency-neutral basis in the first quarter of fiscal 2024, as compared to the same period of last fiscal year
First black-owned shoe factory in the US launches its first sneaker
Designer Brands and Pensole Lewis College of Business & Design have unveiled the first product to roll out from their JEMS by Pensole factory, the first Black-owned footwear factory in the US
Nordstrom expands its Board of Directors
The Seattle-based department store chain has appointed Guy B. Persaud to its Board of Directors, thus expanding this organizational structure to 12 members
Nordstrom announces leadership appointments
The Seattle-based department store chain has announced some executive changes in the company's merchandising and store divisions
US: footwear prices fall while overall inflation rises
Data from the Footwear Distributors and Retailers of America (FDRA) for the month of August shows that footwear prices continue to drop despite accelerating inflation
Rocky Brands' CFO steps down
The Ohio-based footwear company announced that Sarah O’Connor has resigned from her role as Chief Financial Officer and Treasurer. She had taken up the position just six months ago
Caleres names its first-ever Chief Design & Product Officer
The US-based footwear company has promoted Natelle Baddeley to Chief Design and Product Officer, effective immediately. She joined Caleres in 2018 as SVP of Design, Merchandise, and Product Development Strategy
Dick's Sporting Goods reports a fall in profits
The sporting goods retailer posted a sales growth of 3.6% in the second quarter of 2023, on a comparable basis to the same period of 2022, but saw its profitability fall due to the impact of high stock reductions
Designer Brands President to step down
William Jordan, the President of Designers Brands and Camuto brand, will step down from both positions presumably on or before the 1st of December
Designer Brands posts sales decline
Despite recording another sales decline in the second quarter of fiscal 2023, the North American company reiterated its full year guidance after seeing some improvement from the prior quarter
John Varvatos joins Under Armour as Chief Design Officer
The US-based company has appointed John Varvatos as Chief Design Officer, effective as of the 11th of September. He had been consulting for Under Armour since earlier this year
Wolverine Worldwide sells US Leathers and Hush Puppies IP in Greater China
The company announced that its US Leathers business has been sold to New Balance and that Hush Puppies' intellectual property in Greater China will be sold to its current sublicense in the region
President of Journeys to retire in February 2024
After working at Genesco for 44 years, Mario Gallione, who became President of Journeys in 2017, will step down from his role in February 2024. Search for a successor is already underway
Schuh's performance stands out in the second quarter
Against a difficult operating environment, Genesco emphasised the second quarter 21% sales growth at Schuh, as compared to the prior year, which helped offset Journey's continued declining performance
Children's footwear start-up Jbrds Secures 500 000 USD in funding
The Baltimore-based start-up has secured 500 00 US dollars in an initial funding round. Although its financial backers are not known, the company is now valued at 5 million US dollars-
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